This year, the average tax refund amount is $3,182, according to the IRS. That's a hefty chunk of cash, no matter how you look at it. Learn More: This Is the One Type of Debt That 'Terrifies' Dave.
If you're like many other people, you probably have at least one checking account and one savings account. But you might also have a couple of investment accounts, some credit cards, and some loans..
There's a proverb that says, "A fool and his money are soon parted." And spending a lot of money on certain things can definitely seem foolish. After all, do you really need a $525 cotton silk T-shirt.
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It feels good to save money, to see those numbers climbing higher and higher in your savings account without necessarily being earmarked for anything in particular. Related: Money Expert Rachel Cruze.